Can anyone topple Deutsche in FX?
DEUTSCHE BANK WAS meant to be one of the biggest victims of the credit crunch. Many competitors predicted a spectacular fall from grace for a firm that had grown quickly from humble beginnings to occupy a top seat at the bulge-bracket table, and had rarely shown much humility in doing so.
Deutsche was driven by a derivatives-savvy culture that made them clear leaders in the business of transforming securities, most notably in credit.
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